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2013 and earlier Lexus GS 350 / GS 460 Lease Questions

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  • Car_Man,

    What would the residual and money factor be on a 2013 GS 350 RWD F-Sport with 15,000 miles/year? Thanks!
  • I'm considering this gs 350 awd. The dealer quoted me a selling price of 55k and with zero down offered a 36 month lease for 789 with 22k miles. I smiled and told him to sharpen his pencil and i would give him another chance soon. I would pay 650 for this deal and the consider the 9 payment options to further reduce the deal. Am I crazy. There is a lot of fat built into his price
  • Hi romil01. Lexus Financial Services' November buy rate lease money factor and residual value for a 36-month lease of a 2013 GS 350 F-Sport with 15,000 miles per year are .00095 and 57% for consumers who qualify for its top aka "Tier 1+" credit tier.

    Car_man
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  • rbirns1rbirns1 Posts: 211
    What are the numbers for 36 month lease of GS350 AWD with 10k miles? What about RWD? Is there a great 24 month deal?
  • I couldn't consider leasing because living in San Diego and commuting 90 miles five days per week would certainly blow through the mileage. I've already got 5000 in three months time.
  • Car_Man,

    Do you know what would the residual and money factor be on a 2013 GS 350 AWD with 10,000 miles/year for 36 months starting in November?

    Also, I noticed that "December to Remember" includes complimentary 1st months payment (up to $850) on the lease of a new GS350 AWD. Can this be used in addition to the $1500 Luxury Owner Reward for owners of competitive brands? Thanks!
  • Considering the following and seek your advice:

    36 mos lease
    12k/yr
    Lexus GS 350 F Sport
    MRSP: $56k
    No $ down towards cap cost reduction
    1st month and inceptions only
    Monthly is $620 tax incl
    Lexus will pay the 1st month

    Is this a bad deal?
    Any advice greatly appreciated.
  • valueguyvalueguy Posts: 208
    edited November 2012
    Yes, this is a great deal. I want your same deal and will try hard to get it.
    It looks like your purchase price on this GS350 with MSRP of $56,220 is around $49,700-$49,900. That is a good price.

    It would help knowing your lease tax rate then we can narrow down your cost on the car even more.

    I plan on extra security deposits (4-5) and an out the door payment of $600 or less per month for 15,000 miles per year/36 months.
  • Car_Man,

    What would the residual and money factor be on a base 2013 GS 350 RWD with 15,000 miles/year, 36-months? Thanks!
  • Actually been shopping this more - now reduced to $590 tax incl per month
    not sure if this is the floor -
    fyi dealers seem very aggressive...
  • Offer for a 350 gs sport, with MSRP of 56,500 is inception of 1400 and monthly $516 plus tax
    for 33 months. 10,000 miles peryear. only condition is $5100 in refundable security deposit
    which translates into $27 rent charge for the whole lease. Residual 63% of MSRP.
    How good a deal is this?
  • Hi rbirns1. Lexus Financial Services' November buy rate lease money factor and residual value for a 36-month lease of a 2013 GS 350 AWD with 10,000 miles per year are .00095 and 63% for consumer who qualify for its top credit tier.

    There is a 24-month lease option for this car, but I wouldn't call it "great." The payment for a 36-month lease would likely be lower.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi jchasen. Please see my previous post for the information that you're looking for. Yes, the payment waiver offer should be compatible with the conquest cash.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi romil01. LFS' November buy rate lease money factor and residual value for a 36-month lease of a 2013 GS 350 RWD with 15,000 miles per year are .00095 and 60% for consumers who qualify for its top credit tier.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hey: sounds like a great deal. What options/package did you have to arrive at your $55,907 MSRP? And was this $517.42 + tax or tax included.

    Thanks!
  • Hey car_man. Would the residual value at 10K miles per year then be 62% or 63%?

    Thanks!
  • Hey Car_man:

    Sorry to bother you again, but Lexus is pushing 27 month leases for their December to Remember promotion. What is the residual value on their 27 month lease? I'm assuming the money factor is the same: .00095?

    Thank you!
  • valueguyvalueguy Posts: 208
    edited November 2012
    Great deal. Where in Florida can I get that deal? Which dealers in Florida are offering the big discounts being discussed here?
  • Car_man,
    Are the LFS money factor lease rates consistent across the whole country, or are there regional differences (or other factors) that would explain why my local dealer is telling me that the money factor to lease a GS 350 AWD with premium package for a 36 month / 10,000 mile lease is .00120 and not the .00095 that you stated? Is the .00095 money factor for purchases, or leases, or both? Just trying to figure out why I'm getting conflicting information. Thanks.
  • From what I understand, up to 9 MSD's are being allowed to lower the MF on a lease and each deposit lowers the MF by .00008.

    When determining the total of those 9 MSD's, does one calculate using the monthly payment amount at the original MF, or do you use the payment amount after reducing the MF?

    For example (hypothetical):

    I have an original payment of $750/month without any MSD's and 9 MSD's would bring that amount down to $650.

    Do I need to put down $6,750 (9 x $750) or $5,850 (9 x $650)?

    Probably a simple question but one that I have not been able to determine on my own!

    Thanks,

    Tom
  • Went tonight to price GS350 AWD with Nav/Premium and a bunch of other things that brought the MSRP to $55,927. With a residual of 63% for 36 mo/10K, money factor of .00120. The selling price of the car was about $300 below invoice (I think at $52,600 or something like that). I also would get the $1500 conquest cash (for the life of me can't figure out how this helped me). The price was:

    $550/mo for 36 mo. paying $2500 upfront (taxes - in NY). No other fees as they are all rolled into price. Is this good? Thanks!
  • rbirns1rbirns1 Posts: 211
    I just went in to work out a deal on an ES. Dealer claimed not much wiggle room, then came back to me with a deal on a GS with AWD and NAV, also around $56K. They offered a 27 month lease, 10k miles, all taxes rolled into payment, just $639. First month waived, so only DMV due at signing. I didn't get into the details (residual, etc.), but it seems like a very attractive short term lease for a $56K car.

    We moved over to the GS in the showroom so I could really check it out (remember, I went in for an ES). I am 6-2, with teenage kids even taller. I sat in the front and back seats just fine. However, I could not fit in the middle back seat. I had to lean forward and bend my head just to fit. The middle back seat is totally unusable for anyone over about 5-8. If you ever require a third full-size person in the back seat, the GS is unusable. I don't mean uncomfortable, I mean unusable. Deal breaker for me.
  • I want to share a deal I closed on yesterday with everyone.
    I am in SoCal:
    2013 GS350 RWD Premium A package plus blind spot monitor and a few add ons: $53, 690 MSRP:

    0$ due at signing, dealer covered first month payment for $508 tx included for a 27 month lease 10k miles per year. He originally offered me $499 tx included for the base model $52, 295 but they didn't have the color I wanted. So for an additional $1400 in options he only charged me an extra $9 per month.

    I think this is a pretty good deal!
  • warbernwarbern Posts: 26
    edited December 2012
    Where did you get this deal? I am in socal and in the market. Thanks!
  • Here's the final deal:

    MSRP - $55.927 (AWD, Premium, Nav, Intuitive Park Assist, Blind Spot, Cold Weather, Performance)
    36 mo/ 10K
    $585/mo all in, including taxes (NY), destination and all those other fees.(I did have Conquest rebate)
    Just go pick up car and drive away!.

    Probably could have got another $5 or so off the lease price, but felt this was good considering I had to take no money out of pocket whatsoever.
  • Hello Car_man:
    Just left a Lexus dealership in Jersey and received the following:
    MSRP:59,575
    MF:.001
    Residual:59%
    $1500 reduction from competitive vehicle
    First month Free
    36 month 12k per year
    $655.35 w/3395 down incl tax tags title etc..
    Where can work these #'s...and how far can I move them?

    Love the forum, used it for past 3 vehicle purchases, and appreciate the help!!
  • You're welcome mmenard. Lexus Financial Services' 10,000 mile per year residual values are 3% higher than its 15,000 mile per year resids.

    Car_man
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  • No bother at all mmenard. Yes, the money factor would be the same for a 27-month lease, but I'm not sure what the residual value would be. Let me see what I can find out for you.

    Car_man
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  • Hey jchasen. While most of Lexus' lease money factors are national, there is slight regional differences from time to time...and the GS right now happens to be one of those times. I have come to learn that the .00120 money factor is correct for non-F-Sport models in the Western U.S. The .00095 factor is good on all GS 350 models on the East Coast. Sorry for the confusion.

    Car_man
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  • I'm glad that you like it here, bwattai. Thanks :shades: .

    Do you happen to know this car's selling price or the money factor that the dealer is using to calculate your payment? These are the two main negotiable aspects of this deal. These numbers will help me to see if there's any room left to negotiate. Let me know and I'll tell you what I think.

    Car_man
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This discussion has been closed.